Webscale Secures $14 Million in Series B Funding, to Accelerate Global Growth in Digital Commerce Cloud

Webscale has announced that it has will savour financing of USD $14 Million in Series B round of investment. The latest investment round was led by Mohr Davidow Ventures along with participants from Benhamou Global Ventures and Grotech Ventures.

Founded in 2013, San Francisco based Webscale is a digital cloud company which is considered to be the leader in converged software for hyperscale cloud automation. The company has raised a total of USD $32.3 Million in six funding rounds according to CrunchBase.

Webscale helps the businesses by allowing them to benefit from infinite scalability, load balancing, high performance, outage prevention, improved security, and simple management in multi-cloud environments, including Amazon Web ServicesGoogle Cloud Platform, and Microsoft Azure.

Executive Opinion

General Partner at Mohr Davidow Ventures, Jim Smith said, “Webscale is positioned perfectly at the intersection of two rapidly growing, multi-billion dollar markets – digital commerce and cloud transformation, enterprise and mid-market brand owners are transitioning away from static hosting infrastructure, and are eager to leverage the benefits of hyperscale cloud providers. Webscale must be the first call for any business embarking on this digital transformation journey.”

CEO at Webscale, Sonal Puri said, “Webscale continues to claim market share from legacy incumbents in the hosting, web application delivery, and security markets, innovation and a relentless focus on customer success are responsible for our impressive revenue growth, coupled with a product offering that encompasses all the key capabilities needed to execute on the promise of the cloud.”

Webscale's Plans for the Funds

The announcement stated that the investment is a clear proof of powerful ratification of Webscale’s software stack for Layer 4 - 7 services and integrated multi-cloud platform, both of which are being used for digital commerce.

Webscale is set to disrupt the infrastructure market of USD $120 Billion that includes legacy load balancers, application delivery controllers, and web application firewalls. These are commonly patched together by managed hosting and cloud managed service providers.

Also WebScale's converged automation software solution can fully provision, configure, and manage cloud-based applications for enterprises with the help of web application delivery, cybersecurity, and machine learning, notes Anik Bose, General Partner at Benhamou Global Ventures,

A major achievement for Webscale because of this financing is that now the upcoming year for the company is full secured financially. Also, Webscale will now be competing with the likes of already established players of the market such as Amazon and Walmart. By this, it has now set the same set of rules for retailers, enterprises, and digital brands.

Webscale is also enjoying the benefits of 100% YoY revenue growth. Webscale now has the capacity to deliver over 1,000 fast, secure, and scalable digital storefronts in seven countries for differnt customers. These customers include six of the Fortune 1000, such as Puma, Unilever, Hanes, Ferguson, Tommy Hilfiger, Cineworld Group, and others.

The latest financing will help WebScale to accelerate its growth, international expansion, customer success, and channel velocity, notes the announcement.

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Dushyant Bhadauria Opinions expressed by techsutram contributors are their own. More details

Dushyant is an fanatic student of journalism and mass communication. His interest in the subject arises specifically because of business communication. He is interested in this field because he believes that through his readings he can assist other beings in making the right decisions related to business.

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